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Updated over 6 years ago on . Most recent reply

User Stats

194
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148
Votes
David J.
  • Investor
  • shawnee oklahoma
148
Votes |
194
Posts

HIT WALL - OUT OF MONEY!! help, advice?

David J.
  • Investor
  • shawnee oklahoma
Posted

Hi 

I am having trouble breaking though to the next level (and trying to not become discouraged).  I managed to secure 7 loans with my own money and now I am mostly out of money (and options?)

With each loan acquired, the next one is more difficult than the last. Now I am hitting road blocks such as LARGE reserve fund requirements for each prior loan in order to secure a new loan.

I have heard of people getting 20+ loans and using BRRRR, but I don't know how to get over the hurdles to make this happen. Firstly, seems the lenders won't give out more than 10 loans, and reserve fund requirements are massive!

I am going to share with everyone my actual portfolio numbers and kindly seek your advice. I want to achieve financial freedom and I need to get to the next level somehow. 

Attached are my actual numbers- All on 30 Yr fixed ~< 5% rates

(all in NorCal market). Please give me your input or ideas. 

What would you do if you were starting now right where I am at?

Most Popular Reply

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42,651
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62,787
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Jay Hinrichs
Professional Services
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,787
Votes |
42,651
Posts
Jay Hinrichs
Professional Services
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

on the flip side I would be very proud of that portfolio !!!  job well done !

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JLH Capital Partners

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